Balboa Wealth Partners Has $1.02 Million Position in PIMCO Strategic Income Fund, Inc. (NYSE:RCS)

Balboa Wealth Partners reduced its holdings in PIMCO Strategic Income Fund, Inc. (NYSE:RCS) by 2.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 162,834 shares of the investment management company’s stock after selling 3,392 shares during the period. Balboa Wealth Partners owned 0.35% of PIMCO Strategic Income Fund worth $1,018,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. increased its stake in PIMCO Strategic Income Fund by 142.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,979,232 shares of the investment management company’s stock valued at $12,370,000 after buying an additional 1,162,247 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of PIMCO Strategic Income Fund by 15.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 141,651 shares of the investment management company’s stock valued at $885,000 after acquiring an additional 18,687 shares during the period. Milestone Asset Management LLC grew its position in shares of PIMCO Strategic Income Fund by 23.7% in the 1st quarter. Milestone Asset Management LLC now owns 165,583 shares of the investment management company’s stock valued at $1,035,000 after acquiring an additional 31,724 shares during the period. Vanguard Capital Wealth Advisors bought a new position in shares of PIMCO Strategic Income Fund in the 4th quarter valued at about $190,000. Finally, Benjamin Edwards Inc. grew its position in shares of PIMCO Strategic Income Fund by 1.3% in the 4th quarter. Benjamin Edwards Inc. now owns 390,586 shares of the investment management company’s stock valued at $2,976,000 after acquiring an additional 5,053 shares during the period. 13.48% of the stock is currently owned by institutional investors and hedge funds.

PIMCO Strategic Income Fund Price Performance

Shares of RCS opened at $6.86 on Tuesday. The firm has a 50-day moving average of $6.20 and a 200-day moving average of $6.41. PIMCO Strategic Income Fund, Inc. has a one year low of $5.25 and a one year high of $8.09.

PIMCO Strategic Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Thursday, June 12th will be given a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.00%. The ex-dividend date is Thursday, June 12th.

PIMCO Strategic Income Fund Company Profile

PIMCO Strategic Global Government Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets across the globe. The fund primarily invests in government securities, including bonds issued or guaranteed by the United States or foreign governments, by their agencies, authorities or instrumentalities, or by supranational entities.